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describe carefully: If all workers and jobs were identical, there would be just one wage rate, assuming perfect information and costless mobility. As part of your answer, use the graphs below to illustrate what would happen if wages were initially unequal. Be sure to describe the role of the two assumptions given what happens if they are violated?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M947255

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